secwatch.observer — SEC 8-K summary
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Issuer:     Bankwell Financial Group, Inc. (BWFG)
CIK:        0001505732
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001505732-21-000221
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bankwell Q3 net income $6.9M record ($0.87 EPS); NIM 3.39%; issues $35M sub notes; ups buyback
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- Net income $6.9M, $0.87 diluted EPS vs $3.0M, $0.38 in Q3 2020; NIM improved to 3.39% from 2.67%.
- Loan originations $200M; net loan growth $92M excl. PPP; YTD annualized loan growth 19%.
- Tangible book value per share $25.25 vs $22.43 at Dec 2020; ROAE 14.09%, ROAA 1.22%.
- Subsequent: issued $35M 3.25% fixed-to-floating sub notes due 2031; repaid $15.5M existing subnotes.
- Board declared $0.18/share dividend payable Nov 22; authorized additional 200K shares for repurchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505732/000150573221000221/0001505732-21-000221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505732/000150573221000221/bwfg-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001505732-21-000221

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